Check my work Exercise 9-10 Warranty expense and liability computations and entries LO P4 Hitzu Co, sold a copier (that costs $4.800) for $6.000 cash with a two-year parts warranty to a customer on August 16 of Year 1. Hitzu expects warranty costs to be 4% of dollar sales. It records warranty expense with an adjusting entry on December 31. On January 5 of Year 2 the copier requires on-site repaits that are completed the same day. The repairs cost $209 for materials taken from the repair parts inventory. These are the only repairs required in Year 2 for this coplet 1. How much warranty expense does the company report for this copior in Year 12 Warranty expen 5 240 2. How much is the estimated warranty liability for this copler as of December 31 of Year 12 Estimated warranty ability $ 240 3. How much is the estimated warranty liability for this copier as of December 31 of Year 2? s 311 Check 4. Prepare journal entries to record (a) the copler's sale (6) the adjustment to recognize the warranty expense on December 31 of Year 1 and (c) the repairs that occur on January 5 of Year 2 View transaction list Journal entry worksheet 1 Record the sale of a copler for $6,000 caste Notel Enter debits before credits General Journal Debit Credit Date Aug 16 240 240 Record entry Clear entry View general journal